- Everything was over sold on Tuesday. Especially the banks as JP Morgan was in the 105 area and if you bought Call Options on almost anything (except Apple) you would be very happy when you sold to take profits around 3pm. Oil had a nice pop too as it too was over sold and the oil sector was nice today. I saw Halliburton was over sold as it dipped to 48 on Tuesday.
- Apple received a downgrade this morning with doubt that the service revenue would keep up. I am not an Apple lover, but this news is fake!
- Boeing took off as it was way over sold on Tuesday but held above 350. Buying Call Options by 10am in Boeing would have been nice a couple of hours later.
- Alphabet (GOOGL) dropped sharply on Tuesday, looked like it was taking off early before falling back down to slightly below where it closed yesterday. If you bought Call Options at 10am, you could have sold them just after noon for a nice profit. Google then dropped and took off again by 2:30pm to 3pm and then again at 3:50pm.
- NOTABLE: I saw Tesla in the news again this morning as one of their vehicles in auto piolet hit a parked police car. I thought this would for sure send the stock lower today. Tesla took off to the upside as Consumer Reports gave an upbeat report on Tesla's improved braking.
- TRADING TREND: Google has demonstrated a pattern over the past 3 weeks to go up in the first 20-30 minutes of trading on Monday and Tuesday only to drop for the rest of the day. Wednesday's have started higher, fallen back to the opening price by 10am only to take off to higher levels for the rest of the day. It does appear to peak around noon.
- MARKET TREND: Thursday's have started off going down for the first couple of hours due to tariff or other political news only to reverse direction by noon if not 11am. I would expect more of the same tomorrow as it was announced after market close that the tariffs were going to be enforced for European countries. I don't know how this changed from Asia to Europe, but I guess we will see what happens in the morning.
I am day trading with Options of stocks and have noticed tendencies and have decided to note them into this blog. At this time the information is free to use, but you should not rely on it for sole purpose of trading as I accept no responsibility for what you do with the information. I do encourage comments on what you see. Please follow me on Google+.
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Wednesday, May 30, 2018
Profitable Wednesday Marketmakers
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I have spent the last 2 years trying to figure this day trading with options thing out. I hit an ultimate low this past Tuesday and felt lo...
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I have spent the last 2 years trying to figure this day trading with options thing out. I hit an ultimate low this past Tuesday and felt lo...
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I would like to own the job title of day trader. To be a successful day trader, you must focus on keeping your losses small and letting you...
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I typically narow in on one or two stocks daily to profit from options. I feel it is best to know a stock so good that you recognize patter...
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